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The Impact of Bank Consolidation on Commercial Borrower Welfare

open access: yes
We estimate the impact of bank merger announcements on borrowers' stock prices for publicly-traded Norwegian firms.In addition, we analyze how bank mergers influence borrower relationship termination behavior and relate the propensity to terminate to ...
Smith, D.C., Karceski, J., Ongena, S.
core  

Bank insolvencies : cross-country experience [PDF]

open access: yes
Few areas of the world have escaped significant losses from episodes of bank insolvency. Bank insolvency is more costly in the developing world, where losses represent a greater share of income.
Klingebiel, Daniela, Caprio, Gerard Jr.
core  

Banking Relationships and Access to Equity Capital Markets: Evidence from Japan’s Main Bank System [PDF]

open access: yes
We study the role of banking relationships in IPO underwriting using a sample of 484 Japanese IPOs. Among other issues, we consider whether bank relationships lead to increased access to public equity markets, especially for smaller, lesser-known firms ...
Kenji Ketsuna   +2 more
core  

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